Corporate Foundation

Corporate Foundation in United States

Definition of Corporate Foundation

A concept of Corporate Foundation applicable in the United States: A private foundation that receives its primary funding from a profitmaking business. The foundation is a separate, legal charitable organization even though it often maintains close ties with the founding company, and it must abide by the same rules and regulations as other private foundations. Also known as a companysponsored foundation.

Resources

See Also

  • Charity
  • Foundation
  • NGOs

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